Japan agrees $81bn stimulus package

[pampango]

Source: BBC

Japan has agreed a 7.2 trillion yen ($81bn; £48bn) stimulus plan designed to prevent the country's economy from slipping back into recession.

Japan's economy grew for the second straight quarter between July and September, but the return of deflation has sparked fears growth could stall.

The package includes measures to bolster employment, extend incentives for energy efficient products, and provide loan guarantees to help small and medium-sized businesses.

But the return of deflation for the first time since 2006 has dampened confidence. Deflation means falling prices, which are bad for an economy as consumers hold off from spending, as they know they can buy the same goods for less in the future.

Read more: http://news.bbc.co.uk/2/hi/business/8400836.stm

[TCJ70]

1. And that money will stay where it should...

...in Japan's economy. Unlike our stimulus dollars, which end up in executives pockets and overseas.

[WriteDown]

2. And you know this...

how exactly?

[TCJ70]

3. Meh, you're right...

...I may have over-reacted. From what I understand of other measures Japan has taken to stimulate its economy they're very careful of how that money is spent. The sentences quoted indicate specific purposes for this stimulus money (employment, green tech, etc.)...I don't remember seeing those kinds of indicators on our stimulus package.

[WriteDown]

4. Heck....

You could be 100% right, but I remember the Japanese coined the financial phenomenon known as the "lost decade." We appear to be following in their footsteps.

[RedCloud]

5. And the global fleecing of the masses continues disguised as aid.

Fork over your yen. bad enough you don't get paid enough or work too hard. Now keep your bosses extra rich!

Based on where have we heard this story before and look at how it turned out.

[d3m0l1sh3r]

6. I bet they get the money

I bet the Japanese citizens actually get the stimulus money, unlike here